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Consolidated Balance Sheets - USD ($)
$ in Millions
Feb. 24, 2024
Aug. 26, 2023
Current assets    
Cash and cash equivalents $ 265.7 $ 309.9
Receivables, less allowance for credit losses ($0.4 and $0.4, respectively) 234.4 178.5
Inventories, net 465.8 470.6
Prepaid expenses and other current assets 36.3 37.7
Total current assets 1,002.2 996.7
Property, plant, and equipment, net 333.7 327.3
Goodwill 514.5 514.5
Other intangible assets, net 490.7 502.0
Investment in life insurance 30.1 29.3
Operating lease assets 39.9 42.6
Deferred income tax assets, net 3.2 0.0
Other long-term assets 19.6 20.0
Total assets 2,433.9 2,432.4
Current liabilities    
Accounts payable 138.0 146.9
Accrued expenses:    
Accrued compensation 38.0 35.9
Product warranties 89.3 97.8
Self-insurance 21.2 23.3
Promotional 22.2 29.9
Accrued interest and dividends 3.9 13.7
Other current liabilities 40.6 48.5
Total current liabilities 353.2 396.0
Non-current liabilities    
Long-term debt, net 694.8 592.4
Deferred income tax liabilities, net 0.0 11.7
Unrecognized tax benefits 6.6 6.1
Long-term operating lease liabilities 39.3 42.0
Deferred compensation benefits, net of current portion 7.3 7.9
Other long-term liabilities 8.1 8.2
Total liabilities 1,109.3 1,064.3
Contingent liabilities and commitments (Note 11)
Shareholders' equity:    
Preferred stock, par value $0.01: 10.0 shares authorized; zero shares issued and outstanding 0.0 0.0
Common stock, par value $0.50: 120.0 shares authorized; 51.8 shares issued 25.9 25.9
Additional paid-in capital 188.1 197.7
Retained earnings 1,751.6 1,747.8
Accumulated other comprehensive loss (0.4) (0.4)
Treasury stock, at cost: 22.5 and 22.0 shares, respectively (640.6) (602.9)
Total shareholders' equity 1,324.6 1,368.1
Total liabilities and shareholders' equity $ 2,433.9 $ 2,432.4